Sprint Corporation (S) Receives $5.27 Average Price Target from Brokerages

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Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The firm's revenue was up 3.4% compared to the same quarter past year.

Several insiders were part of recent insider activity for the stock. Wells Fargo & Company restated a "buy" rating on shares of Sprint Corporation in a report on Monday, November 14th. Nomura reiterated a neutral rating and issued a $4.00 price objective on shares of Sprint Corp.in a research note on Sunday, July 24th. Zacks Investment Research cut shares of Sprint Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, October 19th. State Street Corp increased its stake in shares of Sprint Corporation by 1.8% in the second quarter. S Vice President & Controller SCHIEBER PAUL W JR also sold 19,229 shares, at a stock price of $3.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Following the transaction, the Chief Marketing Officer is left with a stake of 375.33 shares, now valued at $3232. Following the completion of the sale, the insider now directly owns 1,516,241 shares of the company's stock, valued at approximately $11,417,294.73. The disclosure for this sale can be found here. The insider owns 6,989,759 shares as of 0.18%, now worth $60181824.99.

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. now owns 38,197,106 shares of the cell phone carrier's stock valued at $173,033,000 after buying an additional 1,719,929 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Sprint Corporation by 26.6% in the second quarter. MIG Capital LLC now owns 7,229,415 shares of the cell phone carrier's stock valued at $25,158,000 after buying an additional 114,015 shares during the last quarter. NN Investment Partners Holdings N.V. now owns 27,801 shares of the cell phone carrier's stock valued at $126,000 after buying an additional 600 shares during the last quarter. Morgan Stanley boosted its position in shares of Sprint Corporation by 54.0% in the third quarter. State Street Corp now owns 13,454,854 shares of the cell phone carrier's stock worth $60,950,000 after buying an additional 234,293 shares in the last quarter.

Sprint Corp. provides wireless and wired telecommunications services. Bank of Montreal Can now owns 7,499,074 shares of the cell phone carrier's stock worth $49,720,000 after buying an additional 1,994,270 shares in the last quarter. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of global trademark and copyright legislation.

According to TipRanks.com, Yong is a 4-star analyst with an average return of 12.7% and a 64.2% success rate. The Market Capitalization of the company stands at 33.68 Billion. Sprint Corporation has a one year low of $2.18 and a one year high of $9.00. The stock's 50 day moving average is $8.42 and its 200 day moving average is $6.74.

Sprint Corporation (NYSE:S) will report its next earnings on Jan 24 - Jan 30 (Est.). The cell phone carrier reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The Return on Equity (ROE) value stands at -9.3%. The business had revenue of $8.25 billion for the quarter, compared to analysts' expectations of $8.69 billion. The company's revenue for the quarter was up 3.4% compared to the same quarter a year ago. Analysts had expected Sprint Corporation (NYSE:S) to post net income of about $-0.07 per share on $8,028.94M in revenue.